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Texas man gets prison for buying Lamborghini with Covid funds

A Texas man who spent coronavirus relief funds to feel a little less bored during lockdown is staring down a nine-year prison term after pleading guilty to wire fraud and money laundering. Lee Price III finagled more than $1.6 million in low-interest relief loans, the Associated Press reports, which he spent to pay off a mortgage and buy a couple of cars: an $85,000 Ford F-350 and and Lamborghini Urus.  According to the Houston Chronicle, Price's scheme involved funneling a little under $1 million through each of two of his businesses (Price Enterprises Holdings and 713 Construction), both of which Price claimed had large payrolls that needed to be covered using emergency funds from the Paycheck Protection Program (PPP). While these were ostensibly loans, they were structured to be forgiven if the funds were distributed within 10 calendar days and the borrower applied for forgiveness within 10 months of taking the loan. Provided those criteria were met, it was essentially free money to cover payroll. Price's employees, however, did not exist.   You'll be forgiven for thinking you've heard this story before. Coronavirus really seemed to bring out the Lamborghini fans. A California man was accused of adding one to his garage (along with a Ferrari and Bentley) and plead not guilty earlier this year to charges that he scammed more than $5 million from the PPP. Last year, a Florida man's scheme to defraud the same program was undone by a hit-and-run accident in the blue Lamborghini Huracan Evo he bought with the proceeds. 

Rolls-Royce, Lamborghini utilities await approval from German parents [w/poll]

A cursory look at the top of the automobile market would suggest that the world's carmakers are gunning it full steam ahead into a new stratosphere of ultra-luxury and high-performance utility vehicles. After all, companies like Bentley and Maserati are preparing to launch their very first crossovers, while established players like Mercedes-Benz and Land Rover keep producing ever more expensive sport-utes of their own. But that's not the case across the board.
Rolls-Royce, for example, has yet to receive the green light to start working on its proposed CUV project. Though the dimensions of its sedans may already eclipse those of some crossovers, this would be the first time that Goodwood would produce a utility of its own. But while the British automaker's financial performance may have earned it a degree of autonomy, the final call may still come down to parent company BMW, which just might be waiting to see how Bentley fares with its upcoming crossover - and how much money it brings in to the Volkswagen Group - before deciding on whether or not it should proceed.
However, Rolls-Royce may not be alone in waiting for its German parent company to approve its high-priced ute. It's been two and a half years since we first laid eyes on the Lamborghini Urus (pictured), but the Italian automaker reportedly has not yet received approval from its parent company Audi and the greater Volkswagen Group to proceed with development and production. Envisioned to share its platform with the next Volkswagen Touareg, Audi Q7, Porsche Cayenne and the production version of the Bentley EXP 9 F concept, the high-riding Lamborghini was originally set to reach production as the marque's third model line in 2017. But while Audi drags its feet - potentially waiting to see how the Bentley version pans out - the Urus' launch keeps getting pushed back, if it's ever to be made at all.

2024 Lamborghini Revuelto is the 1,001-horsepower start of a new era

Marketed as the beginning of a new era, the Lamborghini Revuelto takes the torch from the Aventador with a muscular-looking design, a more spacious interior, and a gasoline-electric hybrid drivetrain rated at 1,001 horsepower. The firm's next flagship is new from the ground up, even its carbon fiber chassis was developed from scratch, and it blazes the path that future models will follow in the coming years. Low, wide, and head-turning, the Revuelto is instantly recognizable as a Lamborghini. And yet, it's a new breed of bull: its headlights are tucked under the hood (rather than mounted flush with the front-end panels) and underlined by Y-shaped LED daytime running lights, while its back end is dominated by a pair of high-mounted exhaust outlets and a massive carbon fiber diffuser. One of the coolest design details is the decklid: made out of carbon fiber to save weight, it's shaped like a U to give onlookers an unobstructed view of the new V12 engine. "I like motorcycles, and it's always fascinating to bring in some ideas from the motorcycle world. So, like this we came up with the idea of the hidden front lights," Lamborghini design boss Mitja Borkert told me. This also explains why the exhaust outlets are proudly mounted high up on the rear fascia; it's a design cue that floated into the galaxy of cars from the world of motorcycles (especially ones designed for racing). There's far more to the design than a few bike-inspired styling cues, though. "We have this powertrain, and we were saying that it's for sure one of the last V12s so let's celebrate it. Let's make it visible. That's why the engine is completely visible," Borkert added, stressing that his team's goal was for the new model to unmistakably channel Lamborghini's DNA without copying a previous, future, or existing model.  Stretching the wheelbase by about three inches and raising the roof line by around an inch allowed Lamborghini to carve out a more spacious interior (something Aventador owners asked for). Don't expect third-row seating and 12 cupholders, we're talking about a supercar, but legroom has increased and there's now space behind the seats to store small items, like a purse or a briefcase. Most of the buttons that the driver needs to access quickly while driving are located on the steering wheel: You can signal, activate the front-end lift system, turn on the wipers, and switch driving modes while keeping both hands on the wheel.